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Keaton, Wescoal shareholders approve acquisition

By:  
Contributing Editor Online
 
COAL
The shareholders of both Wescoal and Keaton Energy have approved Wescoal’s proposed R525-million buyout of Keaton Energy. The acquisition, announced in February, will be settled through R350.39-million in cash and the balance through the issue of 87.6-million Wescoal ordinary shares.
 
 
 
 
 

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